CN To Reduce Refined Oil Price from Midnight

　　China's National Development and Reform Commission (NDRC) announced that the prices of gasoline and diesel (standard products) will be reduced by RMB145 and RMB140 per ton respectively, effective from midnight, in accordance with recent changes in international oil prices and the prevailing pricing mechanism for refined oil products.

　　The three major companies, PetroChina, Sinopec and CNOOC, and other crude oil processors are required to organize the production and transportation of refined oil products to ensure a stable supply in the market and strictly enforce the national pricing policy.

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　　Relevant departments in various regions should beef up market supervision and inspection efforts, strictly investigate and deal with behaviors that do not implement the national pricing policy, and maintain normal market order.

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